Great comments Lee. I've been following this since the beginning of the lawsuut, and so far my only take-away is that everything is negotiable, which is how it has been since three generations of realtors ago, like 1951. It's no wonder that no one knows that, that brokers and NAR have steered sellers into somewhat fixed percentage commisions. I believe that is the essence of the lawsuit. They could have went the other way, and been transparent about negotiations but chose not to.
Everything has unintended consequences in this business. My prediction is that both buyers and/or sellers will end up paying more, and good agents both sides, will make more.
Professional agents will step up and less experienced ones, or those with decades of experience but unwilling to jump through hoops, will drop off.
Want to do a post-mortem? Mortgage brokers, 2010. Oddly, the opposite happened. MLOs were required to sign a fixed rate commission agreement long before any customer contact. A lot dropped out. Others signed agreements for higher commissions then before, and....
the increased commission got charged to the customer. That's where we're at right now and everyone has gotten used to it.
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